{"id":30088,"date":"2018-10-26T14:09:46","date_gmt":"2018-10-26T08:39:46","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30088"},"modified":"2018-10-26T14:09:46","modified_gmt":"2018-10-26T08:39:46","slug":"forging-a-culture-of-innovation","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/forging-a-culture-of-innovation\/","title":{"rendered":"Forging a culture of innovation"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-opinion\/forging-a-culture-of-innovation\/article23461074.ece\">Forging a culture of innovation<\/a><\/strong><\/p>\n<p><strong>Context<\/strong><\/p>\n<p>India\u2019s innovation policy has to shift beyond a mere focus on R&amp;D spending to transforming the ecosystem<\/p>\n<p><strong>On paper<\/strong><\/p>\n<ul>\n<li>India should be in a good position in terms of research and development (R&amp;D) spending on paper<\/li>\n<li>Our pipeline of researchers seems undiminished; we are ranked third in the world in number of science and technology PhDs awarded and have improved our ranking in the Global Innovation Index, from 66 to 60<\/li>\n<\/ul>\n<p><strong>The issue<\/strong><\/p>\n<p>There is no Indian university in the top hundred (QS World University Rankings, 2018) and only 46,904 patents were filed in India in 2016 (China filed over a million patents)<\/p>\n<p><strong>India\u2019s R&amp;D spending<\/strong><\/p>\n<ul>\n<li><strong>Not market focussed: <\/strong>The government\u2019s R&amp;D spending is equivalent to an Amazon or Alphabet\u2019s R&amp;D spend, while only 26 Indian companies figure in the list of top 2,500 companies globally by R&amp;D spend<\/li>\n<li><strong>It\u2019s Low and not accessible:<\/strong>\n<ul>\n<li>India\u2019s R&amp;D spending, as a percentage of GDP, still lags significantly, at 0.69% in 2015 this share has been stagnating for the last decade<\/li>\n<li>Over 90% of Indian start-ups face a risk of failure in their initial failure, partially due to a lack of access to financing<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Translation of R&amp;D spend into patents affected by institutional constraints<\/strong><\/p>\n<p>Only 28% of patents registered for applications are eventually filed<\/p>\n<ul>\n<li><strong>High patent pendency times<\/strong>\n<ul>\n<li>Patent pendency times in India are among the highest in the major economies, with a patent taking about 6-7 years between a request for examination and a final office action<\/li>\n<li>In comparison, South Korea and China have pendency timings of 16 and 22 months, respectively.<\/li>\n<\/ul>\n<\/li>\n<li><strong>IPR amendments needed:<\/strong> India\u2019s intellectual property rights (IPR) policy is ripe for transformation requiring an amendment encouraging start-ups to utilise filed patents on an initial no-royalty basis, with revenue sharing occurring once significant commercialisation is achieved<\/li>\n<\/ul>\n<p><strong>No transformative innovation across Indian industry<\/strong><\/p>\n<p>Over 77% of Indian venture capitalists believe that India lacks unique business models or new technologies<\/p>\n<ul>\n<li><strong>R&amp;D fails to attract top talent:<\/strong> R&amp;D, as a professional function, fails to attract top talent our 216 researchers per million compare with China\u2019s 1,177, Russia\u2019s 3,131 and the U.S.\u2019s 4,232<\/li>\n<li><strong>Rise in bogus publications:<\/strong> With India\u2019s share of global research publications rising from 2.2% in 2000 to 3.7% in 2013, over 35% of publications in \u201cbogus journals\u201d comes from India<\/li>\n<li><strong>Quantity over quality:<\/strong> The hoarding of patents has a significant cost; acquiring a higher number of patents, without due regard for quality, has become an institutional mark of success, to up our index of innovation.<\/li>\n<\/ul>\n<p><strong>What needs to be done?<\/strong><\/p>\n<ul>\n<li>A focus on building an innovation culture is necessary<\/li>\n<li>Our innovation policy has to shift beyond a focus on increasing R&amp;D spending to inculcating a mindset of \u201cout-of-the-box\u201d thinking in our universities, start-ups and corporates.<\/li>\n<\/ul>\n<p><strong>Reforming educational policies:<\/strong><\/p>\n<ul>\n<li><strong>Elimination of rote learning:<\/strong> India\u2019s educational policies need to be redesigned, with a focus on building cognitive abilities, beyond rote learning and focus on quantitative subjects<\/li>\n<li><strong>Need to use Data analytics boom:<\/strong> Need to focus on taking advantage of the data analytics boom, improving educational qualities beyond our existing islands of excellence to the whole university system<\/li>\n<li><strong>Greater access to public data to build innovative applications:<\/strong> A supporting ecosystem for this will require providing greater access to public data, through the Right to Information Act and a push to providing public data (for example, on train punctuality, water scarcity, air pollution metrics) for building innovative applications on a real-time basis.<\/li>\n<\/ul>\n<p><strong>Conclusion<\/strong><\/p>\n<p>For a nation whose public debate is often given to recalling innovations in our historical and mythological past, the future state of India\u2019s R&amp;D activities demands significant attention.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forging a culture of innovation Context India\u2019s innovation policy has to shift beyond a mere focus on R&amp;D spending to transforming the ecosystem On paper India should be in a good position in terms of research and development (R&amp;D) spending on paper Our pipeline of researchers seems undiminished; we are ranked third in the world&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/forging-a-culture-of-innovation\/\">Continue reading <span class=\"screen-reader-text\">Forging a culture of innovation<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-30088","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704766751},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=30088"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30088\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}